Mister Car Wash (MCW) Scheduled to Post Quarterly Earnings on Wednesday

Mister Car Wash (NYSE:MCW) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Mister Car Wash has set its FY24 guidance at $0.30-$0.34 EPS and its FY 2024 guidance at 0.300-0.340 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Mister Car Wash (NYSE:MCW) last issued its earnings results on Wednesday, February 21st. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $230.14 million during the quarter, compared to analysts’ expectations of $230.89 million. Mister Car Wash had a net margin of 8.64% and a return on equity of 9.81%. On average, analysts expect Mister Car Wash to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mister Car Wash Price Performance

Shares of NYSE MCW opened at $7.03 on Wednesday. The business’s 50 day moving average price is $7.58 and its 200 day moving average price is $7.53. The firm has a market cap of $2.23 billion, a P/E ratio of 29.27, a P/E/G ratio of 2.17 and a beta of 1.65. Mister Car Wash has a 52 week low of $4.80 and a 52 week high of $10.07. The company has a quick ratio of 0.31, a current ratio of 0.36 and a debt-to-equity ratio of 1.00.

Insider Transactions at Mister Car Wash

In other news, COO Mayra Idali Chimienti sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $7.05, for a total transaction of $246,750.00. Following the completion of the transaction, the chief operating officer now directly owns 270,523 shares of the company’s stock, valued at approximately $1,907,187.15. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO Mayra Idali Chimienti sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $7.05, for a total transaction of $246,750.00. Following the completion of the transaction, the chief operating officer now directly owns 270,523 shares of the company’s stock, valued at approximately $1,907,187.15. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jedidiah Marc Gold sold 4,857 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $7.69, for a total value of $37,350.33. Following the transaction, the chief financial officer now directly owns 33,933 shares of the company’s stock, valued at $260,944.77. The disclosure for this sale can be found here. Insiders sold a total of 178,465 shares of company stock valued at $1,491,916 in the last three months. 71.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MCW has been the topic of a number of recent research reports. Mizuho started coverage on Mister Car Wash in a research report on Tuesday, March 19th. They issued a “buy” rating and a $11.00 target price on the stock. Wells Fargo & Company decreased their price target on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Monday. JPMorgan Chase & Co. started coverage on Mister Car Wash in a report on Friday, February 16th. They issued a “neutral” rating and a $9.50 price target for the company. Finally, Robert W. Baird boosted their price target on Mister Car Wash from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Mister Car Wash presently has a consensus rating of “Moderate Buy” and an average price target of $9.85.

About Mister Car Wash

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.